The Federal government has approved the refund of over N78billion to the Rivers State government for the money spent on the construction of federal roads in the State.
Following a memo presented by the Minister of Works and Housing, Babatunde Fashola, President Muhammadu Buhari gave the approval during the third virtual Federal Executive Council meeting at the State House.
The approved refund of N78,953,067,518.29 is for the construction of three Federal roads, including the Port Harcourt-Owerri road and three flyover bridges, including the Obiri-Ikwerre interchange, all in Rivers State.
Other states approved for refunds include; include; Cross River (N18,394,737,608.85), Ondo (N7,822,147,577.08), Osun (N2,468,938,876.78), and Bayelsa (N38,040,564,783.4.
Hence, the total funds approved for reimbursement to 5 states governments in the federation is N148,141,987,161.25.
The Minister of Information and Culture, Lai Mohammed, however warned that there will be no reimbursement in the future should any state government venture into projects without the approval of the federal government.
